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Lennar (NYSE: LEN) director granted 2,313 RSUs as equity board compensation

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Smith Dacona reported acquisition or exercise transactions in this Form 4 filing.

LENNAR CORP /NEW/ director Dacona Smith received an equity award of 2,313 Class A Common Stock RSUs for board service. The award was granted at no cash cost per unit and increased Smith’s direct holdings to 6,251 shares. The RSUs will vest on the earlier of the next annual stockholders’ meeting or the first anniversary of the grant date.

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Insider Smith Dacona
Role Director
Type Security Shares Price Value
Grant/Award Class A Common Stock 2,313 $0.00 --
Holdings After Transaction: Class A Common Stock — 6,251 shares (Direct)
Footnotes (1)
  1. [object Object]
RSUs granted 2,313 shares Restricted stock units for service as a director
Grant price $0.0000 per share Equity award, no cash paid by director
Shares owned after grant 6,251 shares Total direct holdings following transaction
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") issued for service as a director"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
outside directors' compensation program financial
"issued for service as a director in accordance with the Issuer's outside directors' compensation program"
vest financial
"The RSUs shall vest on either the date of the next annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"vest on either the date of the next annual meeting of stockholders"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Smith Dacona
(Last)(First)(Middle)
5505 WATERFORD DISTRICT DRIVE
(Street)
MIAMI FLORIDA 33126
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [ LEN, LEN.B ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/08/2026A2,313(1)A$0.006,251D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units ("RSUs") issued for service as a director in accordance with the Issuer's outside directors' compensation program. The RSUs shall vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first. Fractional amounts have been rounded to the nearest whole number.
/s/ Mark Liberman as attorney-in-fact for Dacona Smith04/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LEN director Dacona Smith report on this Form 4?

Dacona Smith reported receiving 2,313 restricted stock units of Lennar Class A Common Stock as a director compensation award. The grant was made at no cash cost and represents part of the company’s outside directors’ compensation program.

Was Dacona Smith’s LEN transaction a market purchase or sale of shares?

No, the transaction was not a market buy or sell. It was a grant of 2,313 restricted stock units awarded as compensation for serving as a director, rather than an open-market trade in Lennar shares.

When do Dacona Smith’s Lennar restricted stock units vest?

The restricted stock units vest on either the date of Lennar’s next annual meeting of stockholders or the first anniversary of the grant date, whichever occurs first, according to the company’s outside directors’ compensation program.

How many Lennar shares does Dacona Smith hold after this Form 4 transaction?

Following the grant of 2,313 restricted stock units, Dacona Smith’s direct holdings total 6,251 shares of Lennar Class A Common Stock. This reflects the updated ownership position reported in the Form 4 filing.

What is the purpose of the RSUs granted to Lennar director Dacona Smith?

The RSUs were issued as part of Lennar’s outside directors’ compensation program. They compensate Dacona Smith for board service through equity that vests over time, aligning director interests with long-term shareholder value.